2014-11-14T08:44:52-06:00 2013-12-31 PRICEWATERHOUSECOOPERS LLP 1100 WALNUT SUITE 1300 KANSAS CITY MO 64106 990 2013-01-01 740524729 BRAZOS ELECTRIC POWER COOPERATIVE INC % MS KHAKI BORDOVSKY BRAZ 2547506500 7616 BAGBY AVE Suite WACO TX 76712 Clifton Karnei Executive VP & Gen Mngr 2547506500 2014-11-11 true SAL MONTALBANO P00666833 2547506500 2013 2015-11-30 17:44:51Z CLIFTON KARNEI 7616 BAGBY AVE WACO TX 76712 944013973 false X www.brazoselectric.com X 1941 TX TO PROVIDE VALUED SERVICE TO OUR MEMBERS AND CUSTOMERS BY GENERATING, PROCURING, AND TRANSMITTING RELIABLE POWER AT THE LOWEST COST. 16 16 388 -373 -548 0 0 843253300 940767491 9671625 5859869 4040984 -2732460 856965909 943894900 0 0 0 0 33455958 32970853 0 0 0 754881532 836860850 788337490 869831703 68628419 74063197 3060911719 2959150321 2561715580 2385893664 499196139 573256657 X TO PROVIDE VALUED SERVICE TO OUR MEMBERS AND CUSTOMERS BY GENERATING, PROCURRING, AND TRANSMITTING RELIABLE POWER AT THE LOWEST COST. WE WILL PROVIDE EXCELLENT CUSTOMER SERVICE WHILE PRACTICING THE HIGHEST DEGREE OF INTEGRITY. THE MEMBERS, CUSTOMERS, AND EMPLOYEES ARE BRAZOS ELECTRIC COOPERATIVE'S MOST VALUED ASSETS. false false BRAZOS ELECTRIC COOPERATIVE WAS FORMED FOR THE PURPOSE OF FURNISHING DEPENDABLE AND ECONOMICAL WHOLESALE ELECTRIC POWER AND ENERGY FOR RURAL DISTRIBUTION COOPERATIVES. BRAZOS SERVES SIXTEEN MEMBER COOPS AND ONE MUNICIPALITY. false false false false false false false false false true false false false true false true true false false false false false false false false false false false true false false false false false true false false false false false true true true false true 179 0 true 388 true true true false false false false false false false false 893398844 50281591 false X 16 16 false false false false true true false true true false false true true true true true true true true false AZ CA IN X MS KHAKI BORDOVSKY 2547506500 7616 BAGBY AVE WACO TX 76712 DENNIS MCWHORTER PRESIDENT 19.0 X X 52765 700 RICK HAILE VICE PRESIDENT 8.0 X X AUDIE MORRIS SECRETARY-TREASURER 8.0 X X 29954 700 STEVE YOUNG DIRECTOR 4.0 X 3037 HARRY BRADFORD DIRECTOR 5.0 X 30120 700 RICK ICKERT DIRECTOR 6.0 X 32497 GLEN JONES DIRECTOR 7.0 X 36637 700 LARRY BAYS DIRECTOR 6.0 X 30147 LARRY CORBETT DIRECTOR 6.0 X 31691 700 JAMES CALHOUN DIRECTOR 5.0 X 25737 CLYDE GEER DIRECTOR 5.0 X 28257 BILLY JONES DIRECTOR 6.0 X 26903 GEORGE THEISS DIRECTOR 13.0 X 29006 MONTY CARLISLE DIRECTOR 5.0 X 26427 JORDAN WOOD DIRECTOR 6.0 X 30594 JACK PICKETT DIRECTOR 5.0 X 31785 CLIFTON KARNEI EXEC VP & GEN MGR 49.0 X 786852 26094 KHAKI BORDOVSKY VP - SERVICES 44.0 X 350142 23598 JOHNNY YORK VP - TRANSMISSION 44.0 X 340689 25167 JOSH CLEVENGER VICE PRESIDENT-POWER SUPPLY 45.0 X 299901 7513 CHUCK ESTES JACK CO II PROJECT MANAGER 41.0 X 164402 16368 JEFF NOTTINGHAM PLANT MANAGER 46.0 X 156820 6473 Mark Fagan CHIEF RISK OFFICER 50.0 X 289956 6473 RANDY RYNO Manger Transmission Maintenanc 46.0 X 153871 3985 ROD LITTLE MANAGER NETWORK SERVICES 42.0 X 158553 6473 KYLE MINNIX MANAGER COMMUNICATIONS 44.0 X 157202 6473 3303945 3500 128617 43 false true false CHAIN ELECTRIC COMPANY 1308 1/2 WEST PINE ST HATTIESBURG MS 39401 GENERATION CONSTRUCT 5823397 SIEMENS ENERGY INC DEPT CH10169 PALATINE IL 600550169 GENERATION CONSTRUCT 3522173 GENERAL ELECTRIC INTERNATIONAL PO BOX 848301 DALLAS TX 752848301 GENERATION CONTSTRUC 8284529 POWER LINE UTILITY SERVICES INC PO BOX 131599 THE WOODLANDS TX 77393 GENERATION CONSTRUCT 10361850 NORTH AMERICAN ENERGY SERVICES PO BOX 94274 SEATTLE WA 981246574 GENERATION CONSTRUCT 3080381 29 0 ELEC ENRGY SERVICE 221000 924834276 924834276 ANCILLARY SERVICES 221000 801120 801120 SALE OF EXCESS NATURAL GAS 221000 15031767 15031767 MISCELLANEOUS ELECTRIC REVENUE 221000 100328 100328 940767491 5769858 5769858 0 260543 260543 214464 0 214464 214464 214464 207361 117350 90011 90011 90011 0 0 960 1723 -763 -763 WORK FOR OTHERS 221000 2209119 2209119 PATRONAGE CAPITAL 221000 2203479 2203479 CARTRIDGE TRANS 541519 45390 45000 390 -7664692 -7664692 -3206704 943894900 945225089 -373 -1329816 0 0 0 0 2223141 0 19671180 4411977 5051780 1612775 0 2231042 170680 0 0 0 0 25475 264108 0 0 4483240 2101969 0 200395 81634535 0 68990438 3123180 FUEL 197490812 MAINT - PRODUCTION - NOT LABOR 25181495 PURCHASED POWER 410014458 TAXES, PROPERTY & OTHER 13940036 27008987 869831703 1122765 1428857 273282348 264037979 0 0 70535679 101479268 0 0 0 0 0 0 65370345 64214768 428354322 262361509 2645449250 495523837 2138609780 2149925413 0 0 0 0 0 0 0 0 83636480 115702527 3060911719 2959150321 60565982 80164563 0 0 0 0 0 0 0 0 0 0 2283014679 2143830470 0 0 218134919 161898631 2561715580 2385893664 X 95 95 0 0 499196044 573256562 499196139 573256657 3060911719 2959150321 X 74063197 -2679 X false true X true false 2588921222 495523837 2093397385 56528028 56528028 2149925413 0 ACCRUED TAXES 13431469 ACCRUED INTEREST 7516622 ACCUMULATED OPERATING PROVISIO 54464038 OTHER CURRENT AND ACCRUED LIAB 55613254 OBLIGATIONS - CAPITAL LEASES 1433774 DEFERRED CREDITS 29439474 161898631 941762323 941762323 2132577 2132577 943894900 867701806 867701806 2129897 2129897 869831703 Part XI, Line 4b & Part XII, Line 4b JOBBING EXPENSE 2,129,897 Part XI, Line 4b ACES LLC K-1 2,680 X X false false false CLIFTON KARNEI EXEC VP & GEN MGR 759844 27008 17125 8969 812946 KHAKI BORDOVSKY VP - SERVICES 282368 49320 18454 17125 6473 373740 JOHNNY YORK VP - TRANSMISSION 264272 50847 25570 17394 7773 365856 JOSH CLEVENGER VICE PRESIDENT-POWER SUPPLY 235524 44907 19470 7513 307414 CHUCK ESTES JACK CO II PROJECT MANAGER 131853 5830 26719 16062 306 180770 JEFF NOTTINGHAM PLANT MANAGER 126723 5869 24228 6473 163293 Mark Fagan CHIEF RISK OFFICER 224289 47744 17923 6473 296429 RANDY RYNO Manger Transmission Maintenanc 130791 5655 17425 3985 157856 ROD LITTLE MANAGER NETWORK SERVICES 142882 5432 10239 6473 165026 KYLE MINNIX MANAGER COMMUNICATIONS 128007 5577 23618 6473 163675 BRAZOS SANDY CREEK ELECTRIC COOPERA SUBSIDIARY 41042325 CAPITAL CONTRIBUTIONS false BRAZOS SANDY CREEK ELECTRIC COOPERA SUBSIDIARY 84732 PERFORMANCE OF SERVICES false BRAZOS SANDY CREEK ELECTRIC COOPERA SUBSIDIARY 10037 REIMBURSEMENT OF EXPENSES false BRAZOS FUEL COMPANY SUBSIDIARY 127 PERFORMANCE OF SERVICES false BRAZOS FUEL COMPANY SUBSIDIARY 5750 REIMBURSEMENT OF EXPENSES false PART VI SECTION B LINE 12C WRITTEN CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS THE DIRECTORS FILL OUT A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM. ON A MONTHLY BASIS THE BOARD IS PROVIDED A SCHEDULE OF PAYMENTS MADE FOR SERVICES AND GOODS PROVIDED THE COOPERATIVE. PART VI SECTION C LINE 19 DOCUMENTS AVAILABLE TO THE PUBLIC THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. PART VI SECTION A LINE 6 ORGANIZATION MEMBERS BRAZOS ELECTRIC IS OWNED BY 16 MEMBER ELECTRIC DISTRIBUTION COOPERATIVES. PART VI SECTION A LINE 7A ELECTING MEMBERS OF THE GOVERNING BODY EACH MEMBER ELECTS THEIR REPRESENTATIVE TO SERVE AS A DIRECTOR ON THE BRAZOS ELECTRIC POWER COOPERATIVE BOARD. PART VI SECTION B LINE 11A FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED BY PRICEWATERHOUSECOOPERS. IT IS THEN REVIEWED BY THE MANAGER OF FISCAL SERVICES AND CONTROLLER; VICE PRESIDENT, SERVICES; AND THE EXECUTIVE VICE PRESIDENT AND GENERAL MANAGER BEFORE IT IS PRESENTED TO THE FINANCE AND AUDIT COMMITTEE OF THE BRAZOS BOARD FOR ITS REVIEW PRIOR TO ITS SUBMISSION TO THE IRS. PART VI SECTION B LINE 15 PROCESS OF DETERMINING COMPENSATION OF KEY OFFICIALS CEO pay is determined by the Brazos Electric Board along with wage survey information that is provided by Watson Wyatt for CEO salaries. Each Board member fills out a performance evaluation on the CEO and then the Board members meet to discuss what the increase should be based off performance and tenure in the position. The 16 member Board is responsible for deciding on the pay of the CEO for Brazos Electric. Vice President pay is determined based on 2 components. Each Vice President's job title is placed in a Salary Grade based off wage survey studies Watson Wyatt have performed. Individual increases are based on performance, tenure and position within the Salary Grade. The CEO of Brazos Electric is responsible for evaluating increases for Vice Presidents. PAGE 12 PART XI LINE 9 OTHER CHANGES IN NET ASSETS THE ADDITIONAL CHANGE IN NET ASSETS PER PART X, RELATES TO INCOME/(LOSS) RECEIVED FROM A PASS-THROUGH ENTITY SCHEDULE K-1. BRAZOS FUEL COMPANY INC PO BOX 2585 Waco TX 767022585 741787410 FUEL PRODUCTS TX NA C CORP 0 112098 1.00000 false Brazos Sandy Creek Electric Cooperative 7616 BAGBY AVE WACO TX 76712 870806881 GENERATE POWE TX NA C CORP -8044243 606283047 1.00000 false false true false false false false false false false false true false false false false true false false BRAZOS SANDY CREEK ELECTRIC COOPERATIVE B 41042325 CASH PAYMENTS BRAZOS SANDY CREEK ELECTRIC COOPERATIVE L 84732 CASH PAYMENTS BRAZOS SANDY CREEK ELECTRIC COOPERATIVE Q 10037 CASH PAYMENTS BRAZOS FUEL COMPANY L 127 CASH PAYMENTS BRAZOS FUEL COMPANY Q 5750 CASH PAYMENTS